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Understanding Government Contracting

 

 

Small businesses tend to fear federal government contracting as it poses a complex environment to them.  If small business do not seek expert assistance in this field, they will placing their financial prosperity at much risk.  In the end the risk will be worth the rewards.  The U S government does not do business with many of the businesses. The availability for bidding by private business for government contracting was worth 1 billion of new opportunities.  The services for bidding include the food services, janitorial services and the development of complex space flight systems.  A couple of companies are winning such tenders and get awarded these contracts on a daily basis.  Small business should therefore venture in the government contracting market as it is a multi- billion dollar marketplace.

 

The government utilizes two means of procuring products and services at http://jlgi.com/practice-areas/ with values of over 25,000 dollars per year. The techniques are Invitation for bids (IFB's) and request for proposal (RFP's).  For the IFB it is a procurement advertisement that will be awarded to the lowest priced bidder.  There are certain IFB standards that should be met by IFB standards. The requirement of the IFB are a full scope of work that is, the how the project will be done, time and by whom. Moreover the main people assigned the project and the qualifications of the company are needed.

 

The way the government processes this contracts always change.  Keeping low deficits and long term investment in economic growth, fighting crime and the children and workers skills are the two principles targeted by President Bill Clinton.  Over the years new trends have come up that affects the small business sector. The procurement reform is the number one trend to look at.  To ensure cost efficiency and effectiveness of the governments operations, the reform entailed streamlining of the procurement process.   The national performance review (NPR), involved outsourcing support services and purchasing IT systems at http://jlgi.com/about-us/ to increase the ability of the federal force to be productive and effective.

 

Health care reforms such as imaging, data entry technologies, multimedia, ID cards and business process re- engineering are the initiatives to be implemented.  Small businesses will be able to get a share in government contracting.  The quality of the proposal and the work that the contractor will do are what consisted of the proposal quality.  You should get involved in government contracting as soon as now.  The businesses that started out started with small contracts and have won bigger contracts over the years.  Long term contracts that are awarded to businesses through government contracting enables them make big profit margins during the operations.